IEA Chief: Europe Must Cut Gas Usage 20% To Survive Winter
After calling on all member states to reduce gas consumption by 15% in the face of the threat of a complete Russian gas cutoff, the IEA says the European Union Continue Reading
Spain, Portugal, Greece Reject EU 15% Gas Usage Cut
Further cracks in a united front to tackle an energy crisis in Europe have arisen Thursday, with Spain, Portugal and Greece rejecting the bloc’s plan to reduce natural gas consumption Continue Reading
Russia resumes gas flows via Nord Stream, Europe still wary
Russia resumed pumping gas via its biggest pipeline to Europe on Thursday after a 10-day outage, the operator said, allaying Europe’s immediate winter supply fears after President Vladimir Putin had Continue Reading
Russia resumes gas flows via Nord Stream, Europe still wary
Russia resumed pumping gas via its biggest pipeline to Europe on Thursday after a 10-day outage, the operator said, allaying Europe’s immediate winter supply fears after President Vladimir Putin had Continue Reading
EU Set to Target 15% Reduction in Natural-Gas Use on Russian Supply Woes
The European Union is set to propose a voluntary 15% cut in natural gas use by member states starting next month on concern Russia may halt supplies of the fuel. Continue Reading
Europe races to cut Russian gas usage amid new Putin warning
The European Union will set out emergency plans on Wednesday to curb gas usage after President Vladimir Putin warned the bloc that Russian supplies sent via the biggest pipeline to Continue Reading
Europe Fears Widespread Economic Fallout if Russian Gas Outage Drags On
As a deadline approaches for Russia to resume supplying natural gas to Germany this week, European officials and executives are growing concerned about a cascading economic fallout that would spread Continue Reading
Russian Gas Supply Halt Risks 1.5% Cut to EU’s GDP in Worst Case Scenario
Gazprom Declares Force Majeure on European Gas Buyers A halt of Russian gas supplies to the European Union could potentially reduce its gross domestic product by as much as 1.5% Continue Reading
EU to call on member states to ‘immediately’ slash gas usage
Brussels is preparing to tell EU members to cut gas consumption”Immediately”, warning that without increased conservation the continent risks running short of fuel this winter as Russia restricts supplies. The Continue Reading
Europe Must Slash Gas Demand Now Before ‘Hard’ Winter, IEA Warns
Europe needs to drastically slash natural gas consumption in the next few months to prepare for what is likely to be “a long, hard winter,” the head of the International Continue Reading